PGR

Progressive Corp

NYSE: PGR · FINANCIAL SERVICES · INSURANCE - PROPERTY & CASUALTY

$203.11

+0.42% today

Updated 2026-06-12

Market cap

$114.84B

P/E ratio

10.02

P/S ratio

1.28x

EPS (TTM)

$19.65

Dividend yield

0.21%

52W range

$188 – $267

Volume

2.9M

Market cap

$114.84B

P/E ratio

10.02

P/S ratio

1.28x

EPS (TTM)

$19.65

Dividend yield

0.21%

52W range

$188 – $267

Volume

2.9M

Progressive Corp (PGR) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

PGR · Progressive Corp · Price target summary

Current

$203.11

Consensus

$237.77

+17.06%

2030 Target

$2,596.83

+1178.53%

DCF

—

Current price

$203.11

Analyst consensus

$237.77

+17.06%

2030 Target

$2,596.83

+1178.53%

Intrinsic (DCF)

—

14 analysts:

5 Buy8 Hold1 Sell

Management guidance

No specific CEO revenue targets disclosed in available data. Management demonstrated strong operational momentum with 16.32% revenue growth in FY2025 ($87.67B) and 10% YoY growth in policies in force (39.2M). Recent February 2026 monthly results showed $943M net income (+2% MoM), indicating continued operational strength, though management noted increased combined ratio pressure and claims inflation headwinds.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

PGR · Progressive Corp · Revenue & price projection · 2023–2030E

Actual revenue Projected revenue Base case Bull to bear range

Bear case (2030)

$1,737.73

$125.9B Rev × 8x P/S

Base case (2030)

$2,596.83

$125.9B Rev × 12x P/S

Bull case (2030)

$4,334.55

$125.9B Rev × 20x P/S

WallStSmart.com

Financial forecast — research-backed

Metric	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$87.6B	$90.6B	$98.2B	$106.8B	$116.1B	$125.9B
Revenue growth	16.3%	3.3%	8.4%	8.8%	8.6%	8.5%
EPS	$18.64	$16.27	$16.85	$17.50	$18.30	$19.20
P/S ratio	—	12.0x	12.0x	12.0x	12.0x	12.0x
Implied price	—	$1,874.40	$2,030.60	$2,206.33	$2,401.58	$2,596.83

PGR · Progressive Corp · Catalysts & risks

Growth catalysts

+ Continued telematics/Snapshot adoption driving policy growth and premiums

+ Digital transformation and direct-to-consumer model scaling advantages

+ Commercial Lines expansion opportunity (already 30% of premiums written)

+ Claims inflation moderation if auto repair costs stabilize

+ Market consolidation opportunities in fragmented P&C sector

Key risks

- Rising claims inflation and catastrophe losses pressuring combined ratios above 100%

- Intensifying competitive pricing pressure in personal auto insurance market

- Regulatory scrutiny on rate increases and algorithmic underwriting practices

- Economic recession impact on premium growth and auto sales decline

- Interest rate environment affecting investment returns on float

Methodology

Progressive Corp's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 14 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.